Replies to post #107511 on Niocorp Developments Ltd (NB)

[AlwaysOptimistic]

Stark, I never took a position on mgts explanation. I inherently concluded before mgt ever broached the subject that GX shareholders redeemed because of the SVB failure. I believe I posted my sentiments very close to the event. If you had been through 2009-2012 recession, worst recession since the Depression in the 2930’s, as I had and maybe you as well, the news at the time felt very similar and I was concerned we were on the cusp of a repeat. After SVB, First Republic Bsnk collapsed. Both banks catered to very high net worth clientele. In any event, without getting specific data, we can conclude what happened based on factors present at the time. With the collapse of the largest bank by assets since the Geeat Recession and the U.S.’s 2nd largest bank by assets collapse since the Great Depression. I’m remain convinced the banking crisis in March 2023 changed the minds of the majority of GX shareholders to convert their GX shares to NioCorp shares. My opinion is independent of whatever NioCirp has to say about it.

[AlwaysOptimistic]

Stark, I never took a position on mgts explanation. I inherently concluded before mgt ever broached the subject that GX shareholders redeemed because of the SVB failure. I believe I posted my sentiments re. the bank failures influence on GX shareholders converting to NB very close to the event last year. This is not a “I agree with Mgts explanation” for me. If you had been through the 2008-2012 recession, worst recession since the Depression in the 1920’s, as I had and maybe you as well, the news at the time felt very similar and I was concerned we were on the cusp of a repeat. After SVB, First Republic Bsnk collapsed. Both banks catered to very high net worth clientele. In any event, without getting specific data, we can only conclude what happened based on factors present at the time. With the collapse of the largest bank by assets since the Great Recession and the U.S.’s 2nd largest bank by assets collapse since the Great Depression. I remain convinced the banking crisis in March 2023 changed the minds of the majority of GX shareholders not to convert their GX shares to NioCorp shares. My opinion is independent of whatever NioCirp has to say about it.

[Prudent Capitalist]

stark: I respectfully disagree. There was a vote on the merger well ahead of time, and GXII holders voted heavily in favor of the merger deal (around 96% in favor), but the decision and election on whether they would redeem their investment or have it go over to NioCorp in exchange of shares at the rate of .89 came right before closing which was after the banking crises arose. the decision and election with regard to redemption was a function for GXII holders in connection with the closing of the deal. We were all stunned and disappointed, as I believe was the management team, but it is water under the bridge at this point.